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Payday lenders flee South Dakota after price limit

Posted in: California payday loans

Payday lenders flee South Dakota after price limit

A client renders the North United states Title Loans agency away from E. 10th St. in Sioux Falls on Wed., Oct. 26, 2016. (Picture: Jay Pickthorn/Argus Leader) Purchase Photo

Almost 1 / 2 of their state’s licensed cash loan providers selected not to ever restore their licenses for 2017 or suggested they intend to remain just for enough time to get on current loans, in accordance with totals released Friday to Argus Leader Media.

Lower than 2 months after voters authorized a pursuit price limit on payday lenders, 121 cash loan providers opted to go out of the state, in accordance with state money loan provider permit totals for 2017.

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